100 Public SqSomerset, KY 42501

Property Details for 100 Public Sq

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

26,400 SF

Property type

Banks

APN

061-7-3-15

APU

617315

Description

This exceptional commercial lease opportunity presents approximately 6,000 square feet of beautifully finished office space within the prestigious Hemisphere Building in downtown Somerset, Kentucky. Located at 100 Public Square, Unit A, this property boasts a highly desirable downtown location, providing convenient access to all Somerset amenities. The space features charming wood finishes, newer carpeting, and aesthetically pleasing furniture throughout. Several offices include partitioned reception areas, while larger offices incorporate small tables ideal for informal meetings or business transactions. Two separate external entrances offer convenient access for tenants and their clients. A significant advantage is the inclusion of all utilities within the lease payment of $9,750. Tenants will also have access to a stunning conference room, equipped with ample seating and the necessary technical equipment to facilitate productive staff and client meetings. The building's proximity to government offices, financial institutions, and other key businesses makes this location exceptionally convenient for both employees and clients, offering a truly walkable environment. This unique opportunity combines prime location, attractive aesthetics, and practical amenities to create an ideal workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $5,120,960

  6.5%

  $4,727,040

  7%

  $4,389,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,333,840

  Geo Method

  $2,363,410

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $9,149,720

  Mixed-Use / Specialty

  $4,737,860

  Hospitality / Lodging

  $3,512,040

  Office

  $4,738,530

  Institutional / Educational

  $4,935,350

  Residential Income

  $5,774,360

  Multifamily

  $6,772,070

  Automotive / Energy

  $4,230,300

  Parking / Income-Based Land

  $1,432,490

  Restaurant / Food Service

  $2,523,250

  Healthcare / Senior Housing

  $4,830,210

Location Insight

City

Somerset

County

Pulaski

State

Kentucky

Latitude

37.0917

Longitude

-84.6043

CBSA code

43700

CBSA name

SOMERSET, KY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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